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In the talk, Collis Ta'eed, co-founder and CEO of Envato, addresses the relationship between side projects and startups at RubyConf AU 2015. He emphasizes the importance of side projects as a training ground for aspiring entrepreneurs and highlights the differences in risk between side projects and startups. Ta'eed shares his insights on how side projects can help develop necessary skills for startups, such as idea generation, collaboration, launching products, and monetization, without the high pressure associated with full-scale startups.

Key Points Discussed:
- **Understanding Startups vs. Side Projects**: Startups are high-risk ventures requiring significant investment, whereas side projects are lower risk and serve as practice grounds.
- **Learning from Side Projects**: Side projects allow individuals to develop essential skills like brainstorming, launching, and marketing ideas in a low-pressure environment.
- **Realism in Startup Aspirations**: Beginners should avoid jumping into large-scale startups without prior experience and should start with smaller side projects instead.
- **Examples of Successful Side Projects**: Ta'eed provides examples of successful side projects that evolved into startups, such as Buildkite by Keith. He shares how even simple, fun ideas can lead to significant developments.
- **Advice for Side Project Developers**: Focus on manageable projects (under 10 hours), avoid overwhelming oneself with new technologies, and be willing to iterate and improve over time.
- **Encouragement to Start**: Ta'eed challenges attendees to select a side project and commit to working on it, highlighting the importance of incremental progress and learning from failure.

By concluding, Ta'eed reminds the audience that success often comes from patience and continuous effort, encouraging everyone to embrace the journey of developing their side projects. He encourages participants to take action and notes that the most valuable lessons often come from early mistakes and failures.

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